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1250 Manhattan Beach, Manhattan Beach, CA 90266

6 Bed, 5 Bath Multi-Family Home For Sale

1250 Manhattan Beach, Manhattan Beach, CA 90266 House For Sale - MLS #19498006
$2,400,000
6
5
Multi-Family
4 Family
This listing is courtesy of Jonathan Weir from Marcus & Millichap.

Property Description for 1250 Manhattan Beach, Manhattan Beach, CA 90266

A four-unit investment property in Manhattan Beach, California. The property is located between Meadows Avenue and Sepulveda Blvd just blocks from Polliwog Park and the Manhattan Beach Middle School. This area is a solid majority-renter market with low vacancy rates.1250 Manhattan Beach Blvd consists of three one Bedroom one Bathroom units and one three Bedroom one Bathroom unit. All of the units are separately metered for gas and electricity. The property also offers four garage spaces. Due to its location and vintage of building, this property does not fall under Los Angeles Rent Control. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market and capture potential upside in rents.

Interior Details

3,692 sq. ft.
$650.05/sq. ft.

Exterior Details

0.12 acres
5,080 sq. ft.

Other Details

19498006
1960

Units Description

Unit #1
Bedrooms: 1      Full / Half Baths: 1      Rent: $1,600     

Unit #2
Bedrooms: 1      Full / Half Baths: 1      Rent: $1,400     

Unit #3
Bedrooms: 1      Full / Half Baths: 1      Rent: $1,200     

Unit #4
Bedrooms: 3      Full / Half Baths: 2      Rent: $2,200     

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Monthly Mortgage Payments

$10,902
$15,183

Town Description

Manhattan Beach is a city located in southwestern Los Angeles County, California, USA. Its population was 33,852 at the 2000 census. The city is on the Pacific coast, south of El Segundo, and north of...

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